Rosenblatt Securities Initiates Coverage on Alphabet (NASDAQ:GOOG)

Equities research analysts at Rosenblatt Securities began coverage on shares of Alphabet (NASDAQ:GOOG) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating on the information services provider’s stock.

Several other analysts have also recently issued reports on the stock. Wolfe Research set a $460.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Cantor Fitzgerald reissued an “overweight” rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Citigroup reiterated a “market outperform” rating on shares of Alphabet in a report on Friday, August 14th. DA Davidson lowered their price objective on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. Finally, HSBC set a $515.00 target price on shares of Alphabet in a report on Friday, August 14th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $415.55.

Alphabet Price Performance

Shares of GOOG traded down $2.58 during trading hours on Thursday, hitting $339.12. 1,234,860 shares of the stock were exchanged, compared to its average volume of 21,106,250. The stock’s 50-day moving average price is $351.04 and its two-hundred day moving average price is $339.72. Alphabet has a 12-month low of $200.40 and a 12-month high of $404.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company has a market cap of $4.15 trillion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. During the same quarter in the previous year, the company posted $2.31 EPS. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. Research analysts expect that Alphabet will post 20.51 earnings per share for the current year.

Insiders Place Their Bets

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,945 shares of company stock valued at $12,382,714 over the last 90 days. 12.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alphabet

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Alphabet by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock worth $132,114,125,000 after purchasing an additional 8,128,234 shares in the last quarter. BlackRock Inc. grew its stake in Alphabet by 1.4% in the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock valued at $130,704,718,000 after acquiring an additional 5,164,200 shares during the last quarter. State Street Corp increased its holdings in Alphabet by 0.5% during the 4th quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock valued at $58,712,878,000 after acquiring an additional 953,790 shares in the last quarter. Auto Owners Insurance Co lifted its holdings in shares of Alphabet by 38,409.2% in the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after purchasing an additional 179,369,280 shares in the last quarter. Finally, J. Stern & Co. LLP grew its position in shares of Alphabet by 28,482.8% in the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock valued at $35,174,429,000 after purchasing an additional 111,699,704 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s expanded custom-AI-chip partnership with Marvell includes a warrant allowing Google to acquire up to roughly 6.7% of Marvell. The agreement could diversify Alphabet’s chip supply beyond Broadcom and support more efficient, internally optimized AI infrastructure. Marvell pops on AI chip deal that lets Google buy up to $12.2 billion in shares
• Positive Sentiment: Google Cloud’s reported 82% year-over-year revenue growth to $24.8 billion provides tangible evidence that Alphabet’s AI investments are generating strong demand and helping the company compete with Azure and AWS. Google Cloud Grew 82% Last Quarter
• Positive Sentiment: Waymo opened its cheaper next-generation robotaxi to all riders in Los Angeles, Phoenix and San Francisco, marking progress toward scaling Alphabet’s autonomous-driving business with lower operating and manufacturing costs. Waymo’s cheaper next-generation robotaxi
• Positive Sentiment: Google launched new AI-powered study features across Search and Gemini, including interactive visuals, simulations and personalized quizzes, supporting broader consumer adoption of its AI products. Google launches new study tools
• Neutral Sentiment: Conduent is collaborating with Google Cloud on generative-AI eDiscovery tools. The announcement strengthens Alphabet’s enterprise-AI ecosystem, although the immediate financial contribution was not disclosed. Conduent collaborates with Google Cloud
• Negative Sentiment: Alphabet raised about $3.9 billion in Australian-dollar bonds as AI spending surges. The funding supports infrastructure expansion but increases debt-servicing obligations and highlights the capital intensity of the AI buildout. Alphabet raises $3.9 billion in Australian bond sale
• Negative Sentiment: Prediction-market traders expect Google’s flagship Gemini Pro release to slip into the autumn. A delay could raise concerns about Alphabet’s ability to maintain its pace in the generative-AI competition. Traders bet Google’s delayed Gemini flagship will slip

About Alphabet

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.